---
title: "South Asian Petrochem Ltd(merged) (SAPL) — Share Price, Financials & Analysis"
symbol: "SAPL"
company: "South Asian Petrochem Ltd(merged)"
canonical: "https://tapetide.com/stocks/SAPL"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T19:21:30.643Z"
---

# South Asian Petrochem Ltd(merged) (SAPL)

Canonical page: https://tapetide.com/stocks/SAPL

## Company

- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aspetindia.com

## Latest Price

## Key Insights

### Strengths

- Company has been maintaining a healthy dividend payout of 26.7%

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 12.6% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.29.6 Cr.
- Debtor days have increased from 44.5 to 55.8 days.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -73% | 7% |
| revenue growth | 9% | 9% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Sales | 865 | 1068 | 1018 | 1112 |
| Expenses | 799 | 963 | 932 | 1070 |
| Operating Profit | 66 | 105 | 86 | 42 |
| OPM % | 8 | 10 | 8 | 3.8 |
| Other Income | 6 | 6 | 43 | 30 |
| Interest | 32 | 31 | 29 | 27 |
| Depreciation | 22 | 23 | 23 | 24 |
| Profit before tax | 17 | 57 | 76 | 21 |
| Tax % | 22 | 13 | 24 | 25 |
| Net Profit | 14 | 50 | 58 | 16 |
| EPS in Rs | 0.71 | 2.59 | 2.47 | 0.67 |
| Dividend Payout % | 0 | 0 | 20 | 60 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Equity Capital | 191 | 191 | 233 | 233 |
| Reserves | 33 | 83 | 153 | 158 |
| Borrowings | 414 | 331 | 357 | 494 |
| Other Liabilities | 142 | 264 | 226 | 209 |
| Total Liabilities | 779 | 869 | 969 | 1094 |
| Fixed Assets | 368 | 347 | 349 | 347 |
| CWIP | 5 | 6 | 11 | 18 |
| Investments | 4 | 5 | 86 | 55 |
| Other Assets | 403 | 512 | 524 | 674 |
| Total Assets | 779 | 869 | 969 | 1094 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -16 | 147 | 114 | 33 |
| Cash from Investing Activity | -12 | -7 | -100 | 13 |
| Cash from Financing Activity | 26 | -109 | 81 | 57 |
| Net Cash Flow | -2 | 31 | 95 | 103 |
| Free Cash Flow | -27 | 140 | 85 | 3 |
| CFO/OP | -21 | 142 | 141 | 91 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Debtor Days | 59 | 39 | 38 | 56 |
| Inventory Days | 80 | 56 | 58 | 33 |
| Days Payable | 73 | 111 | 86 | 73 |
| Cash Conversion Cycle | 66 | -15 | 10 | 16 |
| Working Capital Days | 75 | 48 | 39 | 57 |
| ROCE % | — | 14 | 16 | 6 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 17.37 | Buy |
| EMA (10) | 17.69 | Buy |
| SMA (20) | 17.92 | Buy |
| EMA (20) | 17.87 | Buy |
| SMA (50) | 19.64 | Sell |
| EMA (50) | 20.36 | Sell |
| SMA (100) | 26.34 | Sell |
| EMA (100) | 25.24 | Sell |
| SMA (200) | 33.15 | Sell |
| EMA (200) | 36.08 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.15 | Neutral |
| MACD (12,26,9) | -0.53 | Buy |
| Stochastic (14,3,3) | 78.38 | Neutral |
| ADX (14) | 29.32 | Buy |
| Williams %R (14) | -17.57 | Sell |
| ATR (14) | 1.03 | High Volatility |
| ROC (12) | 10.91 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 56.61 | Neutral |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:21:30.643Z.